January 21, 2009: The CIBC World Markets research department was paying attention to President Barack Obama's focus on solar and win power.
As the new U.S. president devoted a chunk of his inauguration speech to weaning America off fossil fuels, the investment bank announced it was shifting top-ranked forest products analyst, Don Roberts, away from day-to-day involvement in the tree stocks, and asking him to figure out how the firm should cover the alternative energy space.
A change in mind set is required when a large cap-focused investment bank ventures into small-cap alternative energy stocks, and Mr. Roberts gets the honour of writing the business plan that will underpin this shift. The project kicks off next week, and is expected to take until November. More >>>
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